![Another Negative Day: Acadiana Business Index](http://townsquare.media/site/36/files/2011/11/Wall-Street-2-Spencer-Platt-Getty3-300x2001.jpg?w=980&q=75)
Another Negative Day: Acadiana Business Index
U.S. economic data painted a mixed picture and showed little reason for optimism. Mark Lasseigne has your market report on today's Acadiana Business Index.
- The Dow Jones Industrial Average dropped 235 points, to 11,259.
- New unemployment benefit claims rose last week, and consumer spending barely increased in October. Other reports showed new orders for a range of durable manufactured goods rose.
- International stock prices continue their slump, as weak demand in a German bond auction heightened fears the euro zone crisis would worsen.
- Meanwhile, data showed Chinese manufacturing shrank the most in over 2 ½ years in November, intensifying concerns about a global economic slowdown.
- All 10 S&P sectors were negative, with financials among the biggest decliners over concerns about exposure to European debt. Economically sensitive stocks such as energy and commodity-related issues were also lower.
- Crude oil closed lower at $96.15 a barrel.
- And Gold settled at $1,697 an ounce.
More From News Talk 96.5 KPEL
![$11.7 Million Gold Cube Mysteriously Shows Up in Central Park [PHOTO]](http://townsquare.media/site/34/files/2022/02/attachment-Screen-Shot-2022-02-04-at-8.01.10-AM.jpg?w=980&q=75)
![Louisiana Ending Federal Pandemic Unemployment Aid Saturday](http://townsquare.media/site/34/files/2021/04/GettyImages-545414414.jpg?w=980&q=75)
![Audit Finds Louisiana Workforce Commission Paid Out Over $1 Million to Deceased Individuals](http://townsquare.media/site/36/files/2021/08/attachment-Nikki-Hebert.jpg?w=980&q=75)
![Workforce Secretary “We Are Talking About Unemployment Fund Going Bankrupt”](http://townsquare.media/site/180/files/2020/03/JOBS.jpg?w=980&q=75)
![Lower Paying Employers can Report Employees who Prefer Unemployment](http://townsquare.media/site/186/files/2018/07/GettyImages-651538652.jpg?w=980&q=75)
![Unemployment Benefits Paid to 404,000 Louisianans Since March 22nd](http://townsquare.media/site/33/files/2014/06/Jobs-Sign.jpg?w=980&q=75)
![Louisiana Vaulter Ties for Gold in the ‘Ultimate Garden Clash’](http://townsquare.media/site/182/files/2020/02/GettyImages-1178431652.jpg?w=980&q=75)
![Scammers Selling Fake Gold In South Louisiana](http://townsquare.media/site/33/files/2019/03/JACOJE-LYNX-via-YouTube.png?w=980&q=75)
![Why You Need To File For Your Unemployment Today – Louisiana’s Online Jobs Portal Will Be Offline](http://townsquare.media/site/36/files/2015/01/Unemployment-Claims.jpg?w=980&q=75)